FOX BUSINESS NETWORK’S CHARLIE GASPARINO REPORTS THAT THE NEW YORK STOCK EXCHANGE ISSUE AFFECTING 216 STOCKS IS DUE TO A “TECHNICAL GLITCH”
FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that the New York Stock Exchange NYSE Euronext (NYSE:NYX) issue that is currently affecting 216 stocks is a result of a “technical glitch” due to the NYSE Euronext (NYSE:NYX) “moving to a new trading system.”
Excerpts from the report are below.
On the NYSE technical glitch:
“216 stocks have been halted for trading for the past three plus hours. They’re pretty big names, CVS Caremark Corporation (NYSE:CVS), UnitedHealth Group Inc. (NYSE:UNH), The Travelers Companies, Inc. (NYSE:TRV). What we have is the New York Stock Exchange moving to a new trading system… as they move to this new trading system they basically have a technical glitch. Those stocks though can trade. They are trading at other exchanges that’s the beauty of what we have now when you do have sort of competition among various exchanges including the trading desk of Goldman Sachs Group, Inc. (NYSE:GS) those stocks can trade.”